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Champion Iron Announces an Operational and Financial Results

27 May 2021  |  10:00:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Press Release FY2021 Year End Results

Champion Iron announced operational and financial results for the fourth quarter and fiscal year ended 31 March 2021. Net cash flow from operations of $228.6m for the three-month period ended 31 March 2021, representing operating cash flow per share of $0.46, compared to $84.6m or $0.18 per share for the same period in 2020. Net cash flow from operations of $623.5m for the year ended 31 March 2021, representing operating cash flow per share of $1.30. Construction work is progressing as planned with more than 200 individuals actively working on the Phase II project, which is expected to be completed by mid-2022.

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